Tax Holiday Push from Oracle (ORCL), (CSCO), (AAPL), (DUK), (PFE) Continues

With the outrageous 35 percent tax imposed upon American companies just from transferring money from foreign accounts to U.S. accounts, Oracle (NADSAQ:ORCL), Cisco (NADSAQ:CSCO), Apple (NADSAQ:AAPL), Duke Energy (NYSE:DUK) and Pfizer (NYSE:PFE) continue their drive to have a $1 trillion tax holiday.

Oracle President Safra Catz has been a strong proponent of the idea, and was out again to push the deal through.

Alluding to the disastrous policies of Ben Bernanke and the Federal Reserve, Cats said contrary to the so-called stimulus, "my money has already been printed."

The companies are calling for a one-year "holiday" that would tax the income at just 5 percent. Better yet, this should be a permanent part of doing business, as the money wouldn't go to wasteful and out-of-control spending by Washington, but would be used to actually do some real good by investment, returning money to shareholders and job creation.

Oracle was trading at $31.35, down $0.56, or 1.74 percent, as of 1:16 PM EDT.